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Fossil Fuel Subsidies

Have you ever wondered what government benefits the fossil fuel industry enjoys? Here is a comprehensive breakdown: Fossil Fuel Subsidies.

Spread the Word

Klassy Evans and Adam Khan, editors of this web site and authors of the book Fill Your Tank With Freedom, would love to talk to your group about fuel competition. Print out this PDF document to bring to your group's program director: Saving Lady Liberty. It prints best if you download the file to your computer and then print it.

The global price of oil is determined by production levels. If something happened to seriously slow down Saudi Arabia's production, oil prices would go through the roof, which would seriously damage the economic stability of every country except Brazil. I don't think it would be an overstatement to say it would be an economic catastrophe for the United States.

We are extremely vulnerable to oil shock. It doesn't matter how much oil America gets from Saudi Arabia. A disruption in Saudi oil production would immediately and critically raise the global price of oil.

Security on one of Saudi Arabia's biggest facility is weak, and it is considered an important target by terrorists:

In all likelihood, it is only a matter of time before terrorists successfully cripple Saudi Arabia's facilities. And that is not the only possible way Saudi oil production could be disrupted.

But the Open Fuel Standard would greatly reduce America's vulnerability. Once the bill passes, within three years most gas stations will provide fuel pumps for alcohol fuels because there will be enough flex-fuel cars on the road to justify it. Then fuels can begin to compete. And our vulnerability will begin to wane. If something happens to Saudi Arabia, American drivers would simply put alcohol fuel in their tanks on their very next fill up.